Your Evening Briefing
The longest government shutdown in U.S. history is over—for now. The five-week ordeal will ultimately cost the nation $3 billion, according to the Congressional Budget Office. However, that estimate doesn't incorporate some indirect negative effects of the standoff. Congress has three weeks to come up with a deal, or the whole thing could begin again.
Here are today's top stories
U.S. prosecutors filed charges related to Huawei Technologies, part of a broad crackdown over allegations it has stolen trade secrets, violated sanctions against Iran and sold equipment that could be used by China for spying.
The Trump administration sanctioned Venezuela's state-owned oil company and its central bank, raising pressure on the government of President Nicolas Maduro.
Facebook committed about $1 billion last year to buying shows for its streaming video tab, Watch. Not many people are watching, Bloomberg Businessweek reports.
Roughly $3.4 billion in repairs are underway to Amtrak’s Northeast Corridor. Yet the region’s biggest and most important infrastructure project remains unfunded: a crumbling tunnel under the Hudson river.
What's Joe Weisenthal thinking about? The Bloomberg news director is focused on the pivotal round of U.S.-China trade talks scheduled for this week. Regardless of how they turn out, the ongoing trade tensions have elevated concerns about rising Chinese power. Here's what one economics reporter learned while working in China.
What you'll need to know tomorrow
- Kering owes about $1.6 billion to Italy in back taxes.
- Boeing got an Obama pep talk after donating to his library fund.
- Marriott was sued by a housekeeper over guests' sexual misconduct.
- The U.K. assured citizens there would be enough to eat after Brexit.
- It could be colder in Chicago than the Arctic by Wednesday.
- AG nominee William Barr said he wouldn't fire Mueller without cause.
- Suitors are lining up to keep PG&E from filing for bankruptcy.
What you'll want to read: Bloomberg Pursuits
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